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AUDUSD setting up for a showdown between buyers and sellers

AUDUSD setting up for a showdown between buyers and sellers

The AUDUSD has moved down and back up again. That is the same price action seen during trading yesterday.

That up and down movement has seen the AUDUSD also trade above and below the 100 day MA at 0.6729. Typically, traders move away from that MA on a break. That is not the case over the last few days.

Traders are more unsure. The price action above and below the 100 day MA is indicative of that.

The low today also stalled ahead of the lows from yesterday down to 0.6697... Read More

Posted: Feb 28 2023, 18:12
Author Name: forexlive
Views: 102287

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